Commodity prices remain extremely volatile owing to the uncertainty stemming from the ongoing war in Ukraine, and we doubt that they will find a clear direction anytime soon. However, assuming the war-related uncertainty begins to ease somewhat in the months ahead, we maintain that a pick-up in supply will drag many commodity prices lower by year-end.
Drop-In: The fallout from Europe’s energy war (6th April, 10:00 EDT/15:00 BST): Join our Europe and Commodities teams for a special briefing on Wednesday, 6th April about the structure of global energy markets and the outlook for the European and Russian economies. Register here
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